The Head/Principal Offices of
                      All Authorized Dealers
                      In Foreign Exchange
                    
                    
                    
                    Dear  Sirs/Madams,
                      RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT 
                      MAINTAINED WITH SBP UNDER FE-CIRCULAR 25 OF 1998
  
                  
                    
                      Please  refer to Para 03 of BSD Circular No. 18 dated March 31, 2001 on the captioned  subject.
                        
                        It  is notified that the rate of remuneration for the month of April 2016 on Special Cash Reserve Account (US$) maintained with  the State Bank of Pakistan will be 0%.